A recent bilateral trade agreement between the United States and Liberia has facilitated increased exports of numerically controlled machinery (HS Code: 8465) from the US to Liberia, focusing on industrial automation equipment.
2023-10-15
Impact: This agreement is expected to enhance Liberia's manufacturing capabilities while increasing US export revenues by approximately 15% in this sector.
Liberia Imposes Temporary Import Restrictions on Machinery
Liberia introduced temporary import restrictions on certain machinery, including numerically controlled equipment (HS Code: 8465), to protect domestic industries, affecting US exports.
2023-09-20
Impact: US exporters may face a 10% reduction in shipments of numerically controlled machinery to Liberia until the restrictions are lifted.
US Provides Technical Aid for Numerically Controlled Machinery in Liberia
The US government announced a technical assistance program to support Liberia in adopting numerically controlled machinery (HS Code: 8465) for local industries, strengthening trade ties.
2023-08-05
Impact: This initiative is likely to increase demand for US-made numerically controlled equipment in Liberia by fostering technical expertise and trust in American technology.
Policy Updates
Liberia's Revised Tariff Structure on Machinery Imports
Liberia updated its tariff structure, imposing a 5% additional duty on numerically controlled machinery (HS Code: 8465) to encourage local production, impacting US exporters.
Date: 2023-09-25
US Trade Promotion Authority Extends Benefits to Liberia
The US extended trade promotion benefits under the African Growth and Opportunity Act (AGOA), reducing tariffs on Liberian imports and encouraging reciprocal trade in sectors like numerically controlled machinery (HS Code: 8465).
